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No new taxes despite dividend dip
Manila Bulletin
|May 22, 2025
Despite a double-digit drop in dividend remittances early this year, the Department of Finance (DOF) remains confident that total collections from government-owned and/or -controlled corporations (GOCCs) in 2025 will surpass the more than P136 billion recorded in 2024.
Total dividends collected by the DOF as of mid-May this year declined by 14.2 percent to P76 billion from P88.6 billion in the same period in 2024. The comparable dividends generated a year ago were remitted by 47 GOCCs.
As of May 15, 2025, about 50 GOCCs have remitted dividends, with around 13 of them contributing a minimum of P1 billion each.
"The amount is expected to exceed P100 billion by the end of the year and surpass the level in 2024," the DOF said in a statement on Wednesday, May 21.
To recall, 52 GOCCs remitted a total of P136.3 billion in dividends to the Bureau of the Treasury (BTr) last year. It exceeded the P100-billion full-year target for 2024, marking a 35-percent increase from remittances in 2023.
This story is from the May 22, 2025 edition of Manila Bulletin.
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